Anticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea
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Here i see that AUDJPY does not have enough support to hold the price. I'm planning to enter short with 1:2 risk to reward. I'm going to update this post accordingly.
I have entered short. I have changed the stop level as there's a strong resistance. So I have moved my stop a bit above the resistance line.
SL: 80.340 - 47 pips
TP: 78.915 -...
In the H4 time frame we see that price has been in consolidation. Price has reached a resistance level/zone and has formed a triple top pattern showing us that there will be a reversal. Target is 77.751
been following this for a while now and its looking good
for those following me you would have already caught some profits already.
dont miss this one
See previous analysis
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We are anticipating a sell on Fibo retracement level (and resistance level) outlined by the pointing down arrow, thus we predict a small rise in price from the current level up to the Fibo level, from that point sellers will take over the market as depicted by the signal below.
Sell Limit Entry: 78.60
SL : 7900
Break of the up trend now retesting new found resistance. The last 4 hour candle closed with a heavy wick towards the downside. Depending on this next 4 hour candle close, we'll be able to see if the bears have taken over.
The AUDJPY reversed from a key resistance level and broke out of an ascending trendline and support level.
Currently, the price seems to be building a three-wave ABC zigzag corrective pattern labeled wave 2, and it has the potential to move further lower towards the 75.968 and 75.000 support respectively.
We will wait for the breakout of the blue...